Leeds-based piping and ventilation systems firm Genuit Group plc — formerly called Polypipe Group — announced on Monday the acquisition of Monodraught Topco Limited for a total consideration of £55.6 million “on a debt-free and cash-free basis.”

Monodraught is a UK provider of commercial ventilation solutions, with advanced controls and data management capability focussed on the UK education sector.

“Monodraught delivered 13% organic revenue CAGR between 2021 and 2024 and has a high level of order book coverage underpinning continued strong revenue growth with an expected 2025 calendar outturn c.£19m,” said Genuit Group.

“The consideration has been fully funded via the group’s existing debt facilities. The acquisition will form part of the Climate Management Solutions (CMS) Business Unit.”

Genuit Group CEO Joe Vorih said: “I am delighted to welcome the Monodraught team to Genuit. They bring an innovative and highly complementary portfolio of ventilation products, as well as a controls and data management capability that extends our offering and enables us to integrate heating and cooling solutions from across the group.

“The acquisition significantly strengthens our position in the attractive UK ventilation market, which is benefiting from environmental and regulatory tailwinds.

“This is evident both in the strong growth of Monodraught in recent years alongside the demand for our existing portfolio of ventilation and low carbon heating and cooling products. We expect this to continue and are excited about the opportunities ahead.”